There are people who still think that it is too late to invest in crypto. While you can’t expect to be a millionaire overnight, investing in crypto is still feasible and you stand to profit so long as you’re doing it the right way. This means that you have to do research before you take the plunge. There are many resources out there and it can be overwhelming knowing where to start. A good place would be to check out the Crypto Site of Thomas Jones. You can get all the information you need in order to start with cryptocurrency trading. Here are some of the reasons why you should be investing in bitcoin lifestyle software in 2019.
High Adoption Rate
Compared to other digital currencies, bitcoin has the highest adoption rate and also good btc to usd rates. If you’ve read the whitepaper, Satoshi Nakamoto envisions a world where bitcoin will be the new form of money. This is slowly becoming a reality from places like VanillaCrypto. Most e-commerce platforms have started accepting bitcoin as a form of payment. The other cryptocurrencies are still playing catch up and it is only a matter of time before bitcoin is accepted on mainstream platforms.
A Decentralized Payment System
You will never worry about a middle man when doing transactions. The reason why bitcoin is yet to be accepted by financial institutions is that it get rids of the middle man. You’re fully responsible for the transactions. Provided you have access to your wallet, you can make withdrawals and deposits at any time of day or night. You also make independent trading decisions based on the market markup and other prevailing factors on that day.
Faster transactions are made possible by the lighting network. The transactions are faster compared to Visa which is currently the main mode of payments for a lot of people. Bitcoin uses blockchain technology which comes with unparalleled levels of security. You get to send and receive money faster in a secure environment. Bitcoin is already ahead of its time as far as speed and security are concerned. The Bitcoin also provide the facility to the user to buy bitcoin with a credit card, to ease their work.
Development in Technology
As you’re already aware, cryptocurrency is not a statistic and bitcoin is no exception. The developers are continuously working on the technology and you always expect improvements are any given time. The network is scalable and can always be boosted to improve performance and security. The lighting network was one of the best innovations which then followed by hard forks. There will always be something new as long as bitcoin is still operational.
The Future Is Here
As much as some people still don’t understand how crypto works, 비트맥스 has been getting mainstream media attention for the last couple of years. This has made it possible for other cryptocurrencies to crop up. There are some people who are making a full-time living trading cryptocurrency. The volatility of the market makes cryptocurrency trading appealing to those investors who have an appetite for risk.
Scarcity and Demand
At present, there are only 21million bitcoins and 17 million have already been mined. This means that there are only 4 million bitcoins available as 17 million are already in circulation. The value of bitcoin will only go up as the demand increases. Given the limited coins, it is just a matter of time before we start seeing the shift which happened in 2017. Bitcoin block solving has become more complex and the reward is not the same compared to the past. One of the strategies would be to invest in mining even as it has become tougher.
BitBay, a Polish cryptocurrency platform, faces an outage as trade volume rises following heightened quarantines and lockdowns. Europeans consider cryptocurrency an alternate within the trade because the COVID-19 pandemic continues. The firm reported a surge within the crypto trade March. Reports showed that there’s an opportunity for bitcoins to be used as a big mode of trade as governments all round the globe showed interest within the digital asset in their contingency plans.
BitBay’s cryptocurrency exchange platform
BitBay started its operation in 2014, is now considered together of the most important cryptocurrency exchange in Central-Eastern Europe. The platform was founded by CEO Sylvester Suszek and co-founded by two large companies within the financial industry. The platform transferred to Malta in 2018 under the management of Pawel Sobkow and later given a license to work as a cryptocurrency exchange platform in Estonia under the operations of BB Trade Estonia OÜ.
Coinfi.com reported that BitBay ranks 217th cryptocurrency in terms of market cap with USD 67.7M and a trading volume of USD 11.8k over the last of Annunciation . Recently, the platform joined the fight against COVID-19 by donating 100, 000 PLN to Provincial Specialist Hospital Megrez Sp. z o. o. located in Tychy, Poland.
Booming crypto exchange in March. BitBay reported that bitcoin trade volume reached records within the within 14 days. The report of Cryptonews.com showed a replacement record for BitBay after BTC-Polish zloty (PLN) gained BTC 11,233, around USD 75M, within each day on March 13. The news outlet also reported that Bitcoin-euro volumes reached BTC 223 levels on March 18.
The company contributed the record-breaking performance to the platform’s fast response to the BitBay Faces Outage as COVID-19 Encourages Digital Assets on businesses everywhere the state . BitBay CEO Sylwester Suszek said during an interview with Cryptonews.com that that they had observed a big increase in their user registration because the pandemic spreads everywhere the state . On Annunciation , Coinpaprika released data showing that BitBay’s trading volume is around USD 40M within 24 hours.
The company’s CEO said that they were ready to accommodate the quantity due to the firm’s organizational elasticity. He also said that they were ready to shift to remote work to guard the health of their employees. BitBay said during the interview with Cryptonews.com that that they had introduced several improvements to their internal processes, and that they also administered additional training for his or her employees to succeed in higher [operational] elasticity as news of the pandemic broke out.
Don’t Miss the Revolution
Even if you did not buy bitcoin when it was $10, you can still be part of the revolution. 20 years from now, you don’t want weird questions from your kids on what you were doing when bitcoin was changing the currency landscape. There is never a right moment to enter the market. You don’t have to know everything so that you can start trading bitcoin. Having fundamental knowledge might be all that you need to start trading. There are companies that can trade on your behalf if you want to mitigate the risks.
Involvement of Institutional Investors
We are already at a stage where bitcoin exchanges have become a common norm. The state is already developing laws to regulate cryptocurrencies. The approval of the Bitcoin ETF will allow big investors to enter the market. This could change the face of bitcoin forever. You don’t want to be missing out when this finally happens.